Tuesday, December 18, 2007
What a shocker (Part 2)
UK inflation remained unchanged in November as lower utility bills offset higher petrol prices. Official figures showed the annual rate of CPI inflation was unchanged at 2.1% last month, just above the government's target of 2%. Observers say the data could give the Bank of England more opportunity to cut UK interest rates further. My family must have a very obscure shopping basket based on these figures - just had the highest ever quarterly electricity and gas bills having lived in the same house for 23 years.